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How to buy 88 Energy (88E) shares in Australia

Learn how to easily invest in 88 Energy shares.

Australian firm 88 Energy (88E) is a small-cap oil and gas company that operates primarily out of Alaska. Its main focus is on searching for new oil opportunities, including the acquisition of other smaller players.

How to buy shares in 88 Energy

  1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for 88 Energy. Find the share by name or ticker symbol: 88E. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until 88 Energy reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  6. Check on your investment. Congratulations, you own a part of 88 Energy. Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.

88 Energy stock price (ASX:88E)

Use our graph to track the performance of 88E stocks over time.

88 Energy shares at a glance

Information last updated 2023-11-27.
52-week range$0.005 - $0.0138
50-day moving average $0.0062
200-day moving average $0.0079
Target price$0.02
PE ratio 0
Dividend yield $0 (0%)
Earnings per share (TTM) $0

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Is it a good time to buy 88 Energy stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

88 Energy price performance over time

Historical closes compared with the last close of A$0.005

1 week (2023-11-28) -9.09%
1 month (2023-11-03) -16.67%
3 months (2023-09-05) -28.57%
6 months (2023-06-05) -28.57%
1 year (2022-12-05) -50.00%
2 years (2021-12-03) -80.77%
3 years (2020-12-04) -37.50%
5 years (2018-12-05) -68.75%

Is 88 Energy under- or over-valued?

Valuing 88 Energy stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of 88 Energy's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

88 Energy's EBITDA

88 Energy's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $52.4 million (£0.0 million).

The EBITDA is a measure of a 88 Energy's overall financial performance and is widely used to measure stock profitability.

88 Energy financials

Revenue TTM $2,500
Gross profit TTM $2,500
Return on assets TTM -7.68%
Return on equity TTM -11.7%
Profit margin 0%
Book value 0.007
Market capitalisation $121.7 million

TTM: trailing 12 months

88 Energy share dividends

We're not expecting 88 Energy to pay a dividend over the next 12 months.

Have 88 Energy's shares ever split?

88 Energy's shares were split on a 1.365:1 basis on 19 February 2010. So if you had owned 1 share the day before the split, the next day you would own 1.365 shares. This wouldn't directly have changed the overall worth of your 88 Energy shares – just the quantity. However, indirectly, the new 26.7% lower share price could have impacted the market appetite for 88 Energy shares which in turn could have impacted 88 Energy's share price.

88 Energy share price volatility

Over the last 12 months, 88 Energy's shares have ranged in value from as little as $0.005 up to $0.0138. A popular way to gauge a stock's volatility is its "beta".

88E.AU volatility(beta: 1.16)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while 88 Energy's is 1.163. This would suggest that 88 Energy's shares are a little bit more volatile than the average for this exchange and represent, relatively speaking, a slightly higher risk (but potentially also market-beating returns).

88 Energy overview

88 Energy Limited engages in the oil and gas exploration and production in the United States. The company's projects includes 75% working interest in the Phoenix project, which covers an area of approximately 62,324 net acres; 75% working interest in the Icewine West project covering an area of approximately 121,996 net acres; 100% working interest in Peregrine project, which covers an area of approximately 125,741 net acres; 100% working interest in the Leonis project covering an area of approximately 25,600 net acres; 100% working interest in the Umiat unit, which covers an area of approximately 17,633 net acres; and 100% working interest in the Yukon leases covering an area of approximately 15,235 net acres located in onshore, North Slope of Alaska, the United States. It also holds 73% working interest in the Longhorn project, which covers an area of approximately 964 net acres located in onshore, Permian Basin, Texas. The company was formerly known as Tangiers Petroleum Limited and changed its name to 88 Energy Limited in February 2015. 88 Energy Limited was incorporated in 1996 and is based in Subiaco, Australia.

88 Energy in the news

There are no recent company news

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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